Lake Villa Fire Protection District VEBA Plan

EIN: 823831056 Mutual Benefit

Lake Villa, IL

Total Revenue
$186,632
Total Expenses
$30,385
Total Assets
$467,940
Net Assets
$467,940
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
IL
Principal Officer
Doug Slazes
Phone
8473562992
Tax Period
2024-01-01 to 2024-12-31

Lake Villa Fire Protection District VEBA Plan, founded in 2018, is a small nonprofit in the Mutual Benefit sector that reported $187K in total revenue in fiscal year 2024. Revenue surged 3017% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 84% operating margin.

Mission

A VOLUNTARY EMPLOYEES' BENEFICIARY ASSOCIATION (VEBA) TO FUND REIMBURSEMENT OF ELIGIBLE MEDICAL EXPENSES UNDER A HEALTH REIMBURSEMENT ARRANGEMENT

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $178,500
Investment Income $8,132
Other Revenue $0
TOTAL REVENUE $186,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,407
Other Expenses $1,978
TOTAL EXPENSES $30,385

Year-over-Year Comparison

2024 2023 Change
Revenue $186,632 $5,988 +30.2%
Expenses $30,385 $53,112 -0.4%
Net Income $156,247 $-47,124 -4.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hand Benefit Trust Co Trustee 1.0
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $186,632 $30,385 $467,940 $156,247
2023 $5,988 $53,112 $299,123 $-47,124
2022 $232,586 $82,046 $337,995 $150,540
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